About your Search

20121108
20121116
Search Results 0 to 9 of about 10 (some duplicates have been removed)
with or unwillingness to work with the members of the other party. >> woodruff: senate minority leader mitch mcconnell sat down with the three confirmed additions to the republican conference. he said it was time to tackle the nation's problems. >> the country has extraordinarily diffult set of challenges facing us over the next couple of months. the election is behind us. we're ready to get started. >> woodruff: the most difficult of those challenges will be reaching a deal to avert a so-called fiscal cliff. starting january 1, some $500 billion in tax increases will take effect with the expiration of the bush era tax cuts and the payroll tax holiday. at the same time automatic spending cuts will hit defense and domestic programs totaling $109 billion. the spending reductions were triggered when the congressional super committee failed to reach a broad deficit deal last year. that came after talks broan down between the president and house speaker john boehner. senator collins told the newshour today that she's optimistic lawmakers can still strike a deal and stave off the spending cuts. >> so this h
news conference, senate minority leader mitch mcconnell warned again that raising rates on high-income earners will have almost no effect on the deficit. but, he said, there is another way. >> republicans believe that there is a way to get additional revenue. we also believe that additional revenues should be tied to the only thing that will save the country in the long ru and that is reforming entitlements. >> sreenivasan: but the senate's democratic majority leader, harry reid, objected. he said if talking about entitlements means social security, democrats will never agree. >> social security is not part of the problem. that's one of the myths the republicans have tried to create. social security is sound for the next many years. but we want to make sure that in the outer years people are protected also, but it's not going to be part of the budget talks as far as i'm concerned. >> sreeniivasan: congressional leaders meet with the president later this week. wall street took a hit after the president's news conference. stocks fell on worries that the partisan divide on taxes wi
Search Results 0 to 9 of about 10 (some duplicates have been removed)